Telangana always take care of existing investors-KTR

Telangana IT minister KT Rama Rao (KTR) has said more than 24 percent of 32 billion dollars’ worth of investments that the state attracted in the last seven years, have come from the existing investors. Participating virtually as the chief guest in the Public Affairs Forum of India’s 8th national forum on Friday, he said often states overlook the existing investors and that is where Telangana does best. He said the existing investors were taken care of, they become biggest brand ambassadors. He further added that when institutions outlive individuals and perceptions, it brings in predictability, comfort and policy continuity.

He further said the state government has appointed young professionals who guide the investors with the policies and infrastructure in a very professional manner while working under the banner of ‘Invest Telangana’.The minister highlighted the Telangana Academy for Skill and Knowledge and stated that the government would train people at its own cost, transforming them into quality human resources which also provides major employment opportunities to the locals.

Elaborating on TS-iPASS, Rama Rao said, “We are the most progressive State in the country. Our policy allows for self-certification and also promises 15-day clearances by statute. If we don’t deliver within the 15-day window, it is deemed to have been approved on the 16th day.” He said that Telangana has two lakh acres of industrial land, which is with the TSIIC. “There is uninterrupted high-quality power in the State, which is also the second largest renewable energy producer in the country,” he added.